The recent NFPA Economic Update Webinar featured Eric Post, a Senior Economist from ITR Economics. Eric ensures quality of forecast reports, including NFPA’s U.S. forecast report that members know and use today. Eric’s presentation gives an update on current economic challenges and the future of the fluid power industry. He uses leading indicators and NFPA member data to analyze and predict market trends. A few highlights include:
- Inflation will ease, but to a higher level than the previous decade.
- Labor market will remain tight for the foreseeable future.
- Despite challenges, growth will continue for the next three years.
These insights and more are available to NFPA members in the archived recording of the webinar.
An NFPA “Members Only” username and password is needed to view the archived webcasts. Members who do not have a username and password can request one at the following webpage (https://web.nfpa.com/account/register.aspx?ReturnUrl=)
Questions or problems concerning the webinar archive can be directed to Pete Alles at firstname.lastname@example.org or (414) 778-3372.
Looking for more data and insights? Visit NFPAHub.com/stats for a full list of Market Information Resources.
NFPA supports student organizations at universities with annual stipend funding to help students learn about fluid power while they work on educational and technical projects. Currently for the 2023-24 academic year, there are 19 universities from across the country participating: If you are looking to get involved with these Fluid Power Clubs, see below for…
Mark your calendars for the NFPA Fluid Power Vehicle Challenge Design and Specification Midway Reviews, happening in December and January. This is a fantastic opportunity for industry members to get engaged and connect with students. The reviews are 45-minute webinar presentations with 10 minutes of Q&A from the judges. During this review, students will showcase…